HDFC to raise Rs 5,500 cr via bonds

HDFC to raise Rs 5,500 cr via bonds

HDFC, India’s largest mortgage lender, will raise up to Rs 5,500 crore by issuing secured redeemable..

RBI may go for small rate hike in Dec as inflation drops to 6.77%

RBI may go for small rate hike in Dec as inflation drops to 6.77%

Retail inflation cooled to a three-month low of 6.77% in October, prompting speculation that the Res..

Banks rely on CDs as loan growth surges

Banks rely on CDs as loan growth surges

With credit growth far outstripping deposit accretion, banks are raising funds through certificates ..

Inflation target of 6% should remain, says RBI Guv

Inflation target of 6% should remain, says RBI Guv

The Reserve Bank of India (RBI) is not in favour of changing the inflation target even as it has fai..

PNB’s special 600-day FD scheme offers maximum interest of 7.85%

PNB’s special 600-day FD scheme offers maximum interest of 7.85%

Punjab National Bank has introduced a special 600-day fixed deposit scheme, offering interest rates ..

Govt to exit Axis Bank with 1.55% stake sale via OFS

Govt to exit Axis Bank with 1.55% stake sale via OFS

The Specified Undertaking of the Unit Trust of India (SUUTI), under the Union government, will sell ..

Punjab & Sind Bank Q2 net up 27% at Rs 278 cr

Punjab & Sind Bank Q2 net up 27% at Rs 278 cr

State-owned Punjab & Sind Bank is getting a makeover under its new managing director and CEO, Sw..

SBI’s strong Q2 performance indicates credit growth revival in economy

SBI’s strong Q2 performance indicates credit growth revival in economy

State Bank of India (SBI), which became the country’s most profitable company in the fiscal second q..

India’s forex reserves post biggest weekly gain in over a year

India’s forex reserves post biggest weekly gain in over a year

India’s foreign exchange reserves posted its biggest gain in over a year, rising by $6.56 billion to..

Bank loans up 17.9%, deposits lag behind

Bank loans up 17.9%, deposits lag behind

Banks are seeing strong credit growth while deposits are lagging behind at a time when the Reserve B..

HDFC Q2 net up 18% at Rs 4,454 cr

HDFC Q2 net up 18% at Rs 4,454 cr

Mortgage lender HDFC reported a 17.8% year-on-year rise in net profit for the quarter ended Septembe..

Acting early on monetary tightening would have exerted heavy costs: RBI Guv

Acting early on monetary tightening would have exerted heavy costs: RBI Guv

Defending the Reserve Bank of India’s (RBI) handling of the price situation, Governor Shaktikanta Da..

PNB shuts Hong Kong branch; loan recovery target on track

PNB shuts Hong Kong branch; loan recovery target on track

Punjab National Bank (PNB) has shut its Hong Kong branch, is on track to recover Rs 32,000 crore fro..

RBI fines LIC Housing Finance, others

RBI fines LIC Housing Finance, others

The Reserve Bank has imposed penalties on several financial entities, including LIC Housing Finance,..

Digital rupee makes a glitch-free start

Digital rupee makes a glitch-free start

India’s central bank digital currency (CBDC) had a steady start with banks trading Rs 275 crore of b..